Bitcoin miner CleanSpark to launch in-house trading desk: Bloomberg

CleanSpark CEO Zachary Bradford said that the move “makes financial sense”

article-image

rafapress/Shutterstock modified by Blockworks

share

Bitcoin mining company CleanSpark plans to launch an in-house trading desk, according to Bloomberg.

CleanSpark CEO Zachary Bradford told the media outlet that the decision was made due to the large bitcoin balance held by the company. A November mining update shows that the company held 2,575 bitcoin. 

CleanSpark didn’t immediately return a Blockworks request for comment on the move. 

“It just makes financial sense to do it in-house,” Bradford said. He added that more miners may launch trading desks in-house “that way, you can manage it with your own risk profiles and expertise and keep a really close eye on it.”

The Nevada-based miner is a publicly traded company, trading on Nasdaq under the ticker CLSK. Over the past year, the stock is up 428%. 

The move follows similar actions from other miners such as Marathon Digital which sold Bitcoin call options contracts, according to Bloomberg.

But trading desks aren’t the only way for miners to broaden their revenue streams. Some have also pivoted to offer high-performance computing

The companies, as Blockworks previously reported, are putting money to work with big machine buys ahead of the bitcoin halving and a potential spot bitcoin ETF approval — or approvals.

Read more: Bitcoin is trading on ETF news, but analysts caution on macro headwinds 

The US Securities and Exchange Commission is expected to give potential spot bitcoin ETF issuers an answer by Jan. 10 — which is also the agency’s due date to give Ark/21Shares an answer on its proposal. 

In recent weeks, there’s been a flurry of meetings and filed amendments as issuers race to fill out the nitty gritty details — such as disclosing authorized participants and fees — necessary prior to any potential launches.  

Bitcoin (BTC) is currently trading around $44,000 after hitting a high not seen in nearly two years on the first day of the year. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

For just $54, you, too, could send a memecoin 500% higher

article-image

Memecoins, tech, and inflation have dominated the first half of the year

article-image

As the Trump administration continues to test Fed independence, markets are beginning to react

article-image

An Aave interest rate shock prompted over 475,000 validators to exit and pushed stETH into a prolonged depeg

article-image

While Roman Storm’s team is set to present its case, it’s not yet clear if the Tornado Cash founder will testify

article-image

A wireless network inspired by lost drones is now helping telco carriers reach your phone indoors